Limited partner

(redirected from Special partner)
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Related to Special partner: Special partnership

Limited partner

A partner who has limited legal liability for the obligations of the partnership.

Limited Partner

In a company, one who shares with at least one other partner, jointly and severally, a business' ownership. Limited partners exist in limited partnerships and limited liability partnerships, but in both situations they are only liable for the capital they have invested in case of bankruptcy. In limited partnerships, the limited partners have no management authority and confine their participation to their capital investment. In limited liability partnerships, all partners are limited and therefore at least some have management authority. Profits are divided among limited partners according to an arrangement formed at the creation of the partnership.

Limited partner.

A limited partner is a member of a partnership whose only financial risk is the amount he or she has invested.

In contrast, all the assets of the general partner or partners, including those held outside the partnership, could be vulnerable to claims brought by the partnership's creditors.

References in periodicals archive ?
"Today, I want to convey a very strong and very clear message to all Europeans -- Tunisia is truly a privileged and special partner", she said on a visit to Tunis.
Mrs May called the US a "special partner" for the United Kingdom, a "long-standing ally and close friend".
Dearly loved daughter of Sylvia and Stephen, adored mam of Kirstie, Rebecca and Luke, very special partner of Stuart, devoted nanna Jinny of Miley and also a loving sister, sister-in-law, auntie and friend who shall be deeply and sorely missed.
Some special partner projects were: Partnering with NYC Parks on two green initiatives; National Grid promoting early childhood literacy; Burberry aiding with the thrift shop management; Ridgewood Bank volunteers teaching youth financial literacy and Popular Community Bank employees helping adults with disabilities practice their interview skills.
your family notices WARREN David Jonathan Much loved son of the late Margaret and Trevor, dearly loved brother of Julie, Michael, Gillian and Donna, special partner of Heather and a dear Uncle and friend to many passed away on 3rd March 2016, aged 31 years.
The Country Partner is the International Library of Children's Literature, National Diet Library, and its Special Partner is Genting Singapore.
Hailing China as a special partner, King Salman said in his welcome speech that the challenges facing the world, particularly terrorism, require the international community to unite in countering it.
Next year from 15 to 24 January this special anniversary will be celebrated together with a special partner country.
The USA is the partner country of the German fair this year, which means that American manufacturers' stands will be highlighted, American products will be featured in a special Partner Country presentation, and American companies will have the opportunity to promote what makes them special.
Burkhalter said that Switzerland is considering Georgia as a special partner.
Marcio Barbosa, chief executive officer of Education Above All, said: "Qatar Airways is a special partner, a leading Qatari company supporting a Qatar-based international NGO.
Summary: Morocco is a "special partner" of the North Atlantic Treaty Organization (NATO), particularly in terms of the Mediterranean Dialogue, Admiral Giorgio Lazio, Chief of Staff of NATO Maritime Command, said Saturday.

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